Global Prosperity Index: India Ranks 100

After performing well in Ease of Doing Business Index, India has improved its ranking in ‘The Legatum Prosperity Index 2017’ by securing 100th spot.

What is ‘The Legatum Prosperity Index?

The Legatum Prosperity IndexTM is a framework that evaluates countries on the promotion of their citizens’ flourishing, reflecting both wealth and well-being. It represents the richness of a truly prosperous life, moving beyond traditional macro-economic measurements of a nation’s prosperity, which rely solely on indicators of wealth such as average income per person (GDP per capita). Prosperity Index began in 2006.

How many countries were evaluated?

A total of 149 countries were evaluated on different parametres. This index provides insight into why some countries have seen their prosperity rise

Nine Pillars of Prosperity

The Legatum Prosperity Index has nine pillars that defines prosperity of a country. Each pillar contains around 12 variables. These are

Environment pillar assesses several indicators of the environment, including use of pesticides, land and marine area devoted to nature, and air quality, show a significant relationship with average national wellbeing and material wealth.

India's Report

In the overall Prosperity Index rankings, India has climbed by 4 positions from 104 to 100 when compared to last year.

India performs best on Governance and Economic Quality and scores lowest on the Natural Environment pillar.

Pillar

India’s Rank

Top Ranking Country

Lowest Ranking

Economic Quality

56

Sweden

Yemen

Business Environment

65

US

Venezuela

Governance

41

Finland

Yemen

Education

99

Switzerland

Central African Republic

Health

109

Luxembourg

Central African Republic

Safety and Security

134

Singapore

Iraq

Personal Freedom

100

New Zealand

Sudan

Social Capital

82

Australia

Burundi

Natural Environment

139

Norway

Pakistan

What does report have to say about India?

According to the report,

“India has significantly improved in the economic quality and education pillars. For example, more people are now satisfied with their standard of living and household incomes.”

The report also points out that

“Indonesia and India saw the largest falls in reported availability of adequate food since last year. In India, the number of people saying there had been times when they did not have enough to eat rose from 26 per cent to 35 per cent.”